The number of businesses filing bankruptcy has increased significantly over the past few years. But how does a company exiting Chapter 11 bankruptcy become truly viable? Let’s take a look at a few post-bankruptcy survival tips for businesses:

It’s tax time again and many debtors are wondering if they can keep their tax refund after they file bankruptcy. Well, let’s take a look at how tax refunds are handled in both Chapter 7 bankruptcy and Chapter 13 bankruptcy:

While generally speaking taxes are not dischargeable in bankruptcy, there are circumstances under which some taxes can be discharged in Chapter 7 bankruptcy. Here’s what you need to know:

Tax time is right around the corner and this is about the time that a lot of myths get thrown about online and offline. If you want to stay out of trouble with the IRS and get your tax situation done correctly take a look at some of the most common but nonetheless untrue tax myths out there:

1. Money earned online is tax-free. Whether you earn money online or offline, all revenue is taxable by the IRS and must be reported to the IRS on your income tax filing. One of the biggest victims of this tax myth are entrepreneurs who finding more of their business online than before. Do yourself a favor and take the time to carefully document and report all revenue earned online and offline to the IRS at tax time.

Chapter 7 bankruptcy is very beneficial to most debtors; but there are circumstances where a Chapter 13 bankruptcy may be even more beneficial.  Below are three financial problems that Chapter 13 bankruptcy can help solve:

Tax issues.  Do you owe a large amount of state and federal taxes?  While some older taxes may be dischargeable in [...]

When it comes to calculating which assets belong to the bankruptcy estate it is usually pretty straight forward.  But sometimes depending on a several factors, determining which assets belong to the bankruptcy estate can be a little more complicated.  This was the case in the Chapter 7 bankruptcy of Andrea Myers.
Meyers filed a petition for [...]

It’s the day after Tax Day and many still have not filed their taxes. For those of you who have procrastinated and are tempted to take out a tax refund loan to “speed up” the process or “bridge” the financial gap, please take a look at the hard facts.
A study conducted by the National Consumer [...]